Key Developments: Unwired Planet Inc (UPIP.O)

UPIP.O on Nasdaq

2.01USD
25 Jul 2014
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$-0.02 (-0.99%)
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Latest Key Developments (Source: Significant Developments)

Unwired Planet files suit against Microsoft
Tuesday, 22 Jul 2014 04:54pm EDT 

Unwired Planet Inc:Announces that it has sued Microsoft for breach of contract and declaratory judgment in the U.S. District Court of Delaware.Action relates to the licensing agreement the two companies entered into in Sept. 2011.Complaint was filed under seal in order to protect the confidentiality of certain terms of the parties' agreement.  Full Article

Unwired Planet Inc closes Lenovo patent license and purchase transaction
Thursday, 17 Apr 2014 04:05pm EDT 

Unwired Planet Inc:Completes patent license and purchase transaction with Lenovo, initially disclosed on March 20.Agreements called for $100 mln upfront payment for both pre-payment on the license and for the sale of 142 patents.Lenovo is licensed to Unwired Planet's intellectual property portfolio for number of years, covering standard essential, implementation, and application layer technology for mobile devices.Following transaction, Unwired Planet's portfolio consists of about 2,500 issued and pending US and foreign patents.  Full Article

Unwired Planet and Lenovo announce patent license and patent purchase transaction
Thursday, 20 Mar 2014 04:21pm EDT 

Unwired Planet Inc:Says Lenovo to purchase a portfolio of patents to take a term-based license to Unwired Planet's patent portfolio.Aggregate consideration for the combined transaction is $100 mln payable in cash.Transaction is expected to close in 30 days.Evercore acted as advisor to Unwired Planet on the transaction.  Full Article

Unwired Planet Inc Announces Auditor Change-Form 8-K
Tuesday, 1 Oct 2013 04:38pm EDT 

Unwired Planet Inc reported in its Form 8-K that on September 27, 2013, a representative of Unwired Planet, Inc., (Company), notified KPMG LLP (KPMG) that the Company was dismissing KPMG as its independent registered public accounting firm effective immediately. The Company has engaged Grant Thornton LLP (Grant Thornton) as its independent registered public accounting firm beginning for its first quarter ended September 30, 2013. The decision to dismiss KPMG and to engage Grant Thornton was recommended by the Audit Committee of the Company’s Board of Directors.  Full Article

Unwired Planet Inc Announces Appointment Of New Chairman
Monday, 29 Jul 2013 06:15am EDT 

Unwired Planet Inc announced that Philip A. Vachon was appointed Chairman of the Company's board of directors and chairman of the Company's Intellectual Property Committee. Mr. Vachon replaces Peter Feld, who will continue to serve on the board of directors.  Full Article

Unwired Planet Inc Enters Into Securities Purchase Agreement With Indaba Capital Fund, L.P.-Form 8-K
Tuesday, 2 Jul 2013 05:12pm EDT 

Unwired Planet Inc reported in its Form 8-K that on June 28, 2013, Unwired Planet, Inc. (Company) entered into a Securities Purchase Agreement with Indaba Capital Fund, L.P. (Indaba) with respect to a registered direct offering of 7,530,120 shares of the Company’s common stock, par value $0.001 per share, at a price of $1.66 per share. Net proceeds from the offering, after deducting estimated offering expenses, were approximately $12.3 million. The Company intends to use the net proceeds for additional working capital or for general corporate purposes. The closing of the offering occurred on June 28, 2013.  Full Article

Unwired Planet Inc Announces CEO Transition Plan
Tuesday, 19 Feb 2013 04:03pm EST 

Unwired Planet Inc announced a Chief Executive Officer transition plan. Current CEO, Michael Mulica, has agreed to remain as CEO through the appointment of his successor and has entered into a separation agreement with Unwired Planet in which he agrees to stay as CEO through May 31, 2013. The separation agreement sets forth the terms of his continued service during the transition and his eventual resignation as CEO. Mr. Mulica currently intends to remain on the board of directors for the foreseeable future.  Full Article

Ericsson Transfers Patents and Patent Applications to Unwired Planet Inc
Thursday, 10 Jan 2013 04:05pm EST 

Ericsson announced that Unwired Planet Inc has entered into a patent purchase agreement with Ericsson, whereby Ericsson will transfer to Unwired Planet 2,185 issued United States and international patents and patent applications. The transferred include 753 United States issued patents related to 2G, 3G and LTE technologies. Under the terms of the transaction, Ericsson will also contribute 100 additional patent assets annually to Unwired Planet commencing in 2014 through 2018. Unwired Planet will compensate Ericsson with certain ongoing rights in future revenues generated from the enlarged patent portfolio. Unwired Planet will also grant Ericsson a license to the Company's enlarged patent portfolio.  Full Article

Unwired Planet Inc Appoints Eric Vetter As Chief Financial Officer And Chief Administrative Officer
Wednesday, 7 Nov 2012 04:06pm EST 

Unwired Planet Inc announced that Eric Vetter has been appointed Chief Financial Officer and Chief Administrative Officer of Unwired Planet. The Company also announced that Brian Beattie has resigned from the Board, and, as announced on March 22, 2012, Jerry Held and David Nagel resigned from the Board. The resignations are effective as of the Annual Meeting of Shareholders on November 6, 2012.  Full Article

Unwired Planet Inc Charges Apple Inc. and Google Inc With Infringing 20 Patents
Thursday, 20 Sep 2012 08:45am EDT 

Unwired Planet Inc, through its Nevada-based subsidiary, Unwired Planet LLC, announced that it has filed patent infringement complaints against Apple Inc. and Google Inc in the U.S. District Court for the District of Nevada. The suits were filed by Unwired Planet to protect its intellectual property (IP) licensing business. In two separate complaints filed in Reno, Nevada, Unwired Planet charges Apple with infringing 10 of its patents, and charges Google with infringing 10 different patents. Together, the two cases charge infringement of a total of 20 patents related to smart mobile devices, cloud computing, digital content stores, push notification technologies and location-based services such as mapping and advertising.  Full Article

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Unwired Planet sells patent portfolio to Lenovo, shares jump

- Unwired Planet Inc said it sold a portfolio of patents to Chinese technology company Lenovo Group Ltd for $100 million in cash, sending its shares up 73 percent in trading after the bell.

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